Security of Tradepointpro
Steps on how to make you account fraud proof!
Updated a week ago
We follow strict processes to ensure the highest security by using encrypted data. Please review this list and understand the important security measures to protect your funds.
Is it Safe
This is an important question before sending any capital to an exchange. In Tradepointpro, we understand the importance of security. We have multiple layers of protection to ensure your funds are secure!
Tradepointpro has teamed up with Binance as a part of their Binance Broker Partner Program. After you deposit, your funds are in Binance and covered by their SAFU.
How secure is Binance?
Binance meets the internationally recognized ISO/IEC 27001 standard. You can read more about this in this article.
They keep an insurance fund for emergencies, known as SAFU. 10% of all trading fees are in this account and stored in a cold wallet. If you want to learn more about it, please click here.
Besides this, Binance has implemented pattern recognition to detect unusual activity. This is nurtured with a 20-month transaction history involving trillions of dollars. This allows them to see irregular trades and any suspicious activity.
But still, how secure is Tradepointpro?
API keys are RSA-encrypted before being stored in the database. The database is in an isolated DMZ without public access.
We use a certificate for encrypting/decrypting the API-Keys, which are kept outside the database servers.
Tradepointpro API keys aren't shared with anybody, not even with the user/owner of the account. This may change in the future, but they are always created without withdrawal permissions.
Still, if all that fails, only two servers in the entire Tradepointpro infrastructure are authorized to perform withdrawals. Their IPs are the only ones authorized inside Binance. Such servers are isolated and can not be accessible from the outside.
Rate limits are in place to protect against automated script attacks.
Has my account been breached?
We understand that there are many attempted attacks on the cryptocurrency industry. This is why we suggest implementing security measures.
If you think your account has been compromised, we recommend changing your password immediately. If this information is compromised, an attacker could request a password reset for any web service you use. Please also change your passwords on all email and financial accounts such as Gmail, Binance, Paypal, etc.
What happens if the founders disappear?
You still may have valid concerns about what could happen with your funds if Tradepointpro disappears. You will find the team on the website, and there you will see the founders, with links to their social network profiles. Tradepointpro currently has more than $70,000,000 of capital under management. Two different VC groups back Tradepointpro. So, someone will always be left to take care of the project or return the funds if needed.